Crypto market manipulation charges have shaken the digital assets industry. U.S. prosecutors have taken unprecedented action against alleged fraud in the cryptocurrency market.

Reuters originally reported this first-of-its-kind case. Federal authorities in Boston have charged 18 individuals and firms for their role in cryptocurrency market manipulation schemes.

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U.S. Prosecutors Tackle Crypto Fraud: Wash Trading Charges Rock Digital Assets Industry

This case marks a major step in fighting crypto fraud. It targets four companies – Gotbit, ZM Quant, CLS Global, and MyTrade – and 14 individuals. They’re accused of manipulating cryptocurrency markets through wash…